Insider Selling: Zulily VP Sells $400,500 in Stock (ZU)
Zulily (NYSE:ZU) VP David Lee Atchison sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $40.05, for a total value of $400,500.00. Following the sale, the vice president now directly owns 426,100 shares in the company, valued at approximately $17,065,305. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Zulily (NYSE:ZU) traded down 3.97% on Friday, hitting $38.70. 1,421,193 shares of the company’s stock traded hands. Zulily has a 52-week low of $28.75 and a 52-week high of $73.50. The stock’s 50-day moving average is $35.70 and its 200-day moving average is $43.89. The company has a market cap of $4.805 billion and a P/E ratio of 2686.67.
Zulily (NYSE:ZU) last announced its earnings results on Tuesday, May 6th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.03. The company had revenue of $237.90 million for the quarter, compared to the consensus estimate of $233.58 million. During the same quarter last year, the company posted ($0.03) earnings per share. Zulily’s revenue was up 87.3% compared to the same quarter last year. Analysts expect that Zulily will post $0.17 EPS for the current fiscal year.
A number of analysts have recently weighed in on ZU shares. Analysts at RBC Capital upgraded shares of Zulily from a “sector perform” rating to an “outperform” rating in a research note on Thursday. They now have a $50.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Goldman Sachs upgraded shares of Zulily from a “neutral” rating to a “buy” rating in a research note on Wednesday. Finally, analysts at CRT Capital initiated coverage on shares of Zulily in a research note on Friday, June 13th. They set a “fair value” rating and a $41.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $44.00.
Zulily, Inc is an e-commerce company. The Company, through its desktop and mobile Websites and mobile applications, which it refers to as its sites, helps its customers discover new and unique products.
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